Motley Fool Money 529s for 5/29
May 29, 2024
Bill Barker, an investment analyst at The Motley Fool, sheds light on the latest retail earnings from Chewy and Dick's Sporting Goods, highlighting contrasting growth strategies. Meanwhile, Roger Young, a CFP and Thought Leadership Director at T. Rowe Price, dives deep into the world of 529 college savings plans. They discuss the substantial tax benefits, optimal funding strategies, and how understanding financial aid calculations can significantly enhance college savings. Family financial dynamics and college funding become crucial topics, making this conversation a must-listen for savvy savers.
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Chewy's Rebound
- Chewy's stock price is rebounding from all-time lows, despite losing customers.
- Investors are reacting positively to increased spending per customer and signs of market stabilization.
Chewy Buyback
- Chewy's first stock buyback signals confidence in future growth and profitability. Actual execution of the buyback will be a stronger positive signal.
Dick's Sporting Goods Growth
- Dick's Sporting Goods' success is driven by a combination of product sales and experiences. Multiple expansion has significantly contributed to the stock's growth in recent years.